Benefits Of Starting An Online Business

I recently acquired a set of online business related infographics and over the coming days I am going to share some of them with you.

This first one seemed to be a logical first choice, as it is about beginning an online business, however I believe many of the principals in this infographic would apply to any home based business.

Financial Freedom Comes From Operating An Online Business

I think the ultimate goal of any home business owner is to have financial freedom and the disposable cash to enjoy the finer things in life.

Your earning potential in an online business really is unlimited, with the sky literally being the limit!

Unlike a full time day job where you’re tied to an income defined by your field or expertise, you can hit the heights in an online businesses by selling your own product or services.

No need to negotiate paltry 3% raises with your boss, when you are an online entrepreneur, you are empowered to determine and control your own income.

Be Your Own Boss

Having your own enterprise gives you the power to venture into projects you are truly passionate and care about.

You’re free to think as big as you want and you won’t have to complete tasks in order to increase somebody’s else’s bottom line. You become your own boss, you call the shots and you are only accountable for yourself!

Mobility

This one speaks right into the hear of an online business owner, with the nomadic dream being achievable if that is the lifestyle you’re aiming for. One of the greatest advantages of running your own Internet business is the flexibility this arrangement provides.

You can set your own working hours, anywhere and anytime based on what suits you best. It allows you to travel more, if that is what interests you, because most Internet businesses can be operated from anywhere in the world (the real laptop lifestyle).

All you need is a laptop or tablet PC and an Internet connection. You can work when you’re most productive and you will have more free time to pursue the hobbies and interests you care about alongside your business pursuits.

Low Startup Cost

Online ventures enjoy a substantially lower start up cost than those in the real world.

Unlike offline businesses, online businesses don’t have to pay for the rental of an office, the cost of renovating an office or for printed stationery. If selling digital products (information, software and alike), there will also be no need to store inventory, in fact, you can even sell physical goods by drop shipping them direct from a supplier.

As an Internet business owner, your real start-up cost will be your domain and web hosting account, which will costs about $50-150 to start.

Low start up costs increase your chances of seeing a return on your investment sooner, especially if you set up and run the business properly.

Low Monthly Operating Costs

Ongoing monthly costs can be a killer for any business, however the low operating cost of on online business is what makes the whole deal so attractive to many people, because it allows them to establish their home business affordably.

With an online business, you also enjoy low monthly operation costs, because your overheads are very low.

You won’t have to pay for rent, product inventory or employee’s salaries. Even if you do decide to purchase inventory or invest in tools that will help run your online business more efficiently, your overall monthly operation cost will still be significantly lower than those with a physical presence offline.

Mass Global Market

As an online entrepreneur, knowing that the market place is so large, gives you the ability to compete with large corporations and other home business owners alike.

Online business models have literally leveled the playing field for small business operators, allowing them to work from their low cost work places, with minimal overheads and reaping substantial rewards from volumes of sales which would have only been possible for big businesses to deliver in the past.

Sure, there are competitors, but in a global market your customers can come from all over the world, reducing the competition as a total percentage of the massive market place. There really is no need to worry about competing with companies in your area for the same small network of customers.

By “going-global” your market becomes worldwide and it will help expand your business reach dramatically, because there is no geographical limitations!

24 / 7 / 365

Imagine being able to earn money while you sleep. Well that is what can happen in an online business which is using technology to take your orders around the clock, even when you’re not there.

Your online business is opened 24 hours a day, 7 days a week, 365 days per year.

Imagine waking up to see page after page of sales your website made while you were counting sheep!

That is about all I have for this post.

Looking forward to posting some more soon – bye for now!

Gordon Russell

Just a Home Business Learner

Please feel free to share the infographic below anywhere you like

(tip: There are some social sharing buttons directly below the infographic).

About Gordon Russell

I am a serial entrepreneur with a passion for doing business online. Since developing my first website in 1996 I have worked on projects large and small, have ridden the highs and experienced what it is like to be broke again. Home Business Learner is my website, where I share my almost 20 years of business and online marketing experience with you.
Gordon Russell